Global Luxury Massage Chair Market, By Nature (Traditional Massage Chairs, Robotic Massage Chairs), Product Type (Heated Massage Chairs, Inversion Massage Chairs, Zero Gravity Massage Chairs, Full Body Massage Chairs, Air Massage Chairs), Application (Commercial User, Residential User), Distribution Channel (Specialty Stores, Hypermarkets / Supermarkets, E-commerce, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Luxury massage chair market size is valued at USD 140.44 million by 2028 and is expected to grow at a compound annual growth rate of 3% for the forecast period of 2021 to 2028. Luxury massage chair market report analyses the growth, which is currently being growing due to the growing demand for fitness and health related products such as traditional massage chairs and robotic massage chairs.
Luxury massage chair is chiefly used for body massage by commercial and residential users as per their necessity to relive physical or mental stress, body pain and health and fitness related issues. There are largely two types of luxury massage chairs accessible across the globe such as traditional and robotic massage chairs.
The rapidly increasing health consciousness amongst individuals and busy lifestyle is one of the primary factors driving the luxury massage chair market growth rate. Moreover, the increasing demand for luxury massage chair in many regions across the world due to growing awareness regarding various massage therapies which are beneficial for all types of pain and stress treatment is also fueling the growth of the luxury massage chair market in the forecast period of 2021 to 2028.
Also the market is largely driven by the increasing penetration of e-commerce industry, internet and smartphones across the world. Also, the growing consumer preference shift towards the massage therapy owing to various health benefits associated with luxury massage chair such as prevention of high blood pressure, anxiety, poor blood circulation, reduced symptoms of cancer and depression are also highly impacting the growth of the luxury massage chair market. While, the rising disposable income of individuals across the globe is also one of the major factor driving the growth of the luxury massage chair market in the above mentioned forecast period. In addition, the rapid increase in the use of massage chairs as well as the growing preference for various massage therapies which offers various complementary therapies such as acupressure, aromatherapy and physiotherapy will further bring various opportunities that will lead to the growth of the luxury massage chair market in the above mentioned forecast period.
However, the high cost associated with luxury massage chairs and numerous alternatives at variable prices are the major limiting factor for luxury massage chair market, whereas the, impact of COVID-19 pandemic have the potential to challenge the growth of the luxury massage chair market in the forecast period of 2021 to 2028.
This luxury massage chair market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on luxury massage chair market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Luxury Massage Chair Market Scope and Market Size
Luxury massage chair market is segmented on the basis of nature, product type, application and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on nature, the luxury massage chair market is segmented into traditional massage chairs and robotic massage chairs.
- On the basis of product type, the luxury massage chair market is segmented into heated massage chairs, inversion massage chairs, zero gravity massage chairs, full body massage chairs and air massage chairs.
- On the basis of application, the luxury massage chair market is segmented into commercial user and residential user.
- The distribution channel segment of the luxury massage chair market is segmented into specialty stores, hypermarkets / supermarkets, e-commerce and others.
Luxury Massage Chair Market Country Level Analysis
Luxury massage chair market is analyzed and market size, volume information is provided by country, nature, product type, application and distribution channel as referenced above.
The countries covered in the luxury massage chair market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the luxury massage chair market because of the increasing penetration of luxury massage chairs in developed countries in this particular region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the growing demand for luxury massage chairs due to increase in stress level and body pain amongst working professionals in various countries such as Japan, India and China within the region.
The country section of the luxury massage chair market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Luxury Massage Chair Market Share Analysis
Luxury massage chair market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to luxury massage chair market.
The major players covered in the luxury massage chair market report are Panasonic Canada Inc., Family Inada Co, Ltd, Fujiiryoki, Infinity, Johnson Health Tech. Co., Ltd., OSIM International Ltd, Cozzia USA, BODYFRIEND, Arogya Health Care, VD Group, Ogawa World USA, JSB Healthcare., Spine Care Medical Instruments Private Limited, Human Touch, Luraco, Ashirwad Enterprises., U Fit Fitness Equipment., Excel Fitness & Sports, GAHUNIYA TRENDZ INC., RoboTouch and Kahuna Massage Chair, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Luxury Massage Chair Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.